May 7, 2025 - 20:44
Amid a growing inventory of single-family homes and condominiums on Oahu, year-to-date sales volumes in both markets remained subdued in April compared to the same period in 2024. However, there was a slight increase in sales from March’s figures, signaling a minor rebound. According to a monthly report released by the Honolulu Board of Realtors, the high inventory levels have created a favorable environment for buyers, allowing them to explore more options and negotiate better terms.
Despite the positive conditions for buyers, the overall sales numbers indicate a cautious market. Many potential buyers are still hesitant, influenced by various factors including economic uncertainties and rising interest rates. The report highlights that while the availability of properties has increased, the actual transactions have not kept pace, suggesting that buyers may be taking their time to make decisions in this competitive landscape. This trend emphasizes the need for sellers to remain flexible and responsive to the evolving market dynamics.
